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3 years ago

What was the main economic product of the southern colonies?

Business

1 answer:

andre [41]3 years ago

7 0

Answer:

Hope this helps........The Southern Colonies had an agricultural economy. Most colonists lived on small family farms, but some owned large plantations that produced cash crops such as tobacco and rice. Many slaves worked on plantations.

Explanation:

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The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entr

ehidna [41]

Answer:

Given that,

Company's bank reconciliation at June 30 included interest earned = $150

So, it must be cash must be debited and interest revenue must be credited in the accounts.

Therefore, the journal entry is as follows:

Cash A/c Dr. $150

To Interest revenue $150

(To record the interest revenue earned)

7 0

3 years ago

Perit Industries has $190,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternat

Wewaii [24]

Answer:

Please see attachment

Explanation:

Please see attachment

3 0

3 years ago

Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is $20.00

elena-s [515]

Answer:

The flexible-budget amount is $120,000

Explanation:

The flexible-budget amount is the same lump sum as the static budget.

Therefore, The flexible-budget amount is $120,000.

5 0

3 years ago

A study examining the performance of numerous assets from the United States and around the world confirms that a. U.S. equities

antoniya [11.8K]

Answer:

d. beta did a better job of explaining the returns than standard deviation

Explanation:

Beta measures the systemic risk associated with the particular investment, it do not compute the total risk associated, which is more logical.

Standard deviation computes the total risk associated.

Some risk is natural, like the risk of floods, natural calamities, earthquake, etc:

That risk shall not counted as for comparison as that is associated universally. Further, the risk associated with particular factors like bankruptcy of a company, or some legal case issue of a company are precisely described by beta coefficient.

Thus, beta provides better details about explaining the returns.

5 0

3 years ago

Kevin purchases 1,000 shares of Bluebird Corporation stock on October 3, 2020, for $115,000. On December 12, 2020, Kevin purchas

salantis [7]

Answer:a)$195,500 b) $10,735 c)$6,900

Explanation

a)adjusted basis of Kevin’s Bluebird stock on December 31, 2020?

1,000 shares was bought for $115,000

Therefore it was bought at $115 per share

Also

750 shares was bought at $80,500 and therefore bought at 107.33 per share

So in total of 1750 shares, He spent $195,500 ($115,000+ $80,500)

b.On December 12, 2020,he bought shares at 107.33 per share

500 shares would be 500 x $107.33=$53, 665

Therefore, Kevin’s recognized gain or loss from the’ sale of Bluebird stock on March 1, 2021 would be

$64,400- $53, 665 = $10,735

c.Assuming he cannot identify the shares sold, then we can say they are sold on a FIFO ( first in first out) basis. So we would consider the shares bought on October 3, 2020

so we have that

500 x $115=$57,500

$64,400 - $57,500 = $6,900

7 0

3 years ago